Midas Wellington Income Opportunities vs Midas Fasanara Global Open

Midas Fasanara Global Open (MGLO) is 12.7× the size of Midas Wellington Income Opportunities (MWIN) by market capitalisation. Over the past 30 days, MGLO is ahead by 0.9 percentage points (MWIN +0.2% against MGLO +1.1%). Their daily returns move barely together (correlation 0.33 across 25 shared trading days). MGLO has been the more volatile of the two, at 2% annualised against MWIN's 0%.

Correlation: 0.33
Size ratio: 1 : 12.7
Ahead over 30 days: MGLO

Midas Wellington Income OpportunitiesMWIN

$131,841

24h: +0.02%
Market cap: $14.90M
Volume 24h: —
Volatility (ann.): 0%

Midas Fasanara Global OpenMGLO

$1.0110

24h: +0.00%
Market cap: $188.95M
Volume 24h: —
Volatility (ann.): 2%

MWIN 7.3%Share of the two combined market caps92.7% MGLO

Performance

MWINMGLO

7 days+0.03%+0.00%MWIN
30 days+0.19%+1.10%MGLO

Correlation

0.33over 25 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.3390d: insufficient data1y: insufficient data

Measured on daily returns rather than on prices. Two assets that both simply trend upward score near 1.0 on raw prices whether or not they move together, so returns are what answer the question people mean by correlation.

Risk & extremes

Metric	MWIN	MGLO
Max drawdown (400d)	0.0%	0.0%
Risk-adjusted return (90d)	1.02	0.55

Relative strength over 90 days: MGLO outperformed MWIN by 0.4% — measured on the MWIN/MGLO ratio, so it holds regardless of market direction.

Midas Wellington Income Opportunities →Midas Fasanara Global Open →